The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Oasis Midstream Partners one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Oasis Midstream Partners is a member of the Oils-Energy sector. This group includes 329 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. OMP is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for OMP's full-year earnings has moved 4.37% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that OMP has returned about 29.42% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 2.84%. As we can see, Oasis Midstream Partners is performing better than its sector in the calendar year.
To break things down more, OMP belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 22 individual companies and currently sits at #36 in the Zacks Industry Rank. On average, this group has gained an average of 4.88% so far this year, meaning that OMP is performing better in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to OMP as it looks to continue its solid performance.
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Is Oasis Midstream Partners (OMP) Outperforming Other Oils-Energy Stocks This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Oasis Midstream Partners one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Oasis Midstream Partners is a member of the Oils-Energy sector. This group includes 329 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. OMP is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for OMP's full-year earnings has moved 4.37% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that OMP has returned about 29.42% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 2.84%. As we can see, Oasis Midstream Partners is performing better than its sector in the calendar year.
To break things down more, OMP belongs to the Oil and Gas - Production Pipeline - MLB industry, a group that includes 22 individual companies and currently sits at #36 in the Zacks Industry Rank. On average, this group has gained an average of 4.88% so far this year, meaning that OMP is performing better in terms of year-to-date returns.
Going forward, investors interested in Oils-Energy stocks should continue to pay close attention to OMP as it looks to continue its solid performance.